XPR Network Price Forecast: Will XPR Crypto Break Below EMAs?

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20 Mar 2024

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1 XPR Network crypto price is currently trading at $0.0013785 with a drop of 14.66% in the last 24 hours with a market cap of $34.93 Million.
2 XPR price decreased by 30.26% over the past seven days.

The XPR Network is ushering in a new age of blockchain technology with its ability to execute transactions instantly, eliminate transaction fees, and verify identities on the chain. Compliant with the ISO 20022 standard, it’s in a period of significant growth and innovation.

The network is designed to serve a wide array of users, including developers, entrepreneurs, and various businesses, providing industry-wide solutions.
Over a week, XPR Network has experienced a decrease of approximately 30.26%. However, the crypto gained approximately 35.05% last month. Looking back over three months, XPR cryptos have gained by about 36.01%, while the incline extends to around 124.91% over the last six months. Furthermore, the crypto’s performance throughout the year has been good, with a year-to-date it growth of approximately 33.19%.

At press time, the XPR Networkcrypto price was $0.0013785, with an intraday loss of 14.66%, showing bearishness on the charts. Moreover, the trading volume is 1.89 Million, market cap stood at $34.93 Million. Moreover, indicators maintained a strong sell rating.

XPR Network Crypto Price vs Volume Analysis

According to the data on price and volume, volume has dropped from $13.75 Million to $1.93 Million but the price has not declined a lot as it dropped from the level of $0.002223 to $0.00137. Due to the drastic fall in the trading volume, the price may decline in the next few sessions.

Comparing the Social Dominance and Social Volume

Social dominance calculates the “share of voice” across all social media data. However, the social dominance of the XPR network has been low for a long time, and in the short term, it fell drastically, showing low awareness and engagement in the social platforms.

Whales Are Reducing Their Supply in XPR Network

The long-term chart highlights an increment in the market cap of the network with increased whale activity in the crypto. However, in the short term, the market cap went down as the crypto turned bearish.
However, if selling volume adds up then the price might conquer supporting SMA’s by making lower highs and lows. Hence, the XPR price is expected to move downwards giving bearish views over the daily time frame chart.

Summary

The XPR Network’s cryptocurrency has seen a significant price drop of 14.66% in the last 24 hours and 30.26% over the past week. The price at press time was $0.0013785 with a market cap of $34.93 Million. However, current indicators suggest strong sell sentiments and a significant drop in trading volume hints at a potential further decline in price. XPR faces immediate support and resistance levels at $0.0012176 and $0.0015000, respectively.